South African investment giant putting a smile on billionaire Johann Rupert’s face

Remgro is set to report strong headline earnings growth of up to 47% for the 2026 financial year.

The investment giant, chaired by billionaire businessman Johann Rupert, owns stakes in many well-known South African companies.

Some of its holdings include Mediclinic, RCL Foods, Heineken Beverages, Rainbow Chicken, OUTsurance, Seacom, TotalEnergies, Discovery, and the Blue Bulls.

On Friday, 11 September, Remgro released a trading statement outlining its expected earnings for the year through June 2026.

Remgro expects its headline earnings per share to be between R19.30 and R20.71, reflecting an increase of between 37% and 47% compared to the 2025 financial year.

The company attributed this solid growth to stronger operational performances across its key investee companies.

However, Remgro also noted that its earnings benefited from material one-off items at certain investee companies.

Excluding the impact of these once-off items, headline earnings are expected to increase by between 24% and 34%.

A once-off transaction completed by Remgro in the 2026 financial year was the acquisition of Mediclinic Holdings’ Southern Africa business unit.

First announced in December 2025, this deal saw Remgro and Luxembourg-based Investment Holding Limited (IHL) divide their shared stake in Mediclinic Holdings.

Previously, Remgro and IHL were co-shareholders in Mediclinic Holdings, each holding 50% of the healthcare giant.

Following the transaction, Remgro now owns 100% of the group’s Southern Africa operations, held in Mediclinic International, and IHL holds 100% of the Swiss-based operations, housed in the Hirslanden Group.

This transaction benefited Remgro financially, as it was initially expected that both Remgro and IHL would pay $950 million (R15.36 billion) for their respective acquisitions.

However, there were some leakages and accruals between the transaction’s announcement and its conclusion.

Ultimately, Remgro paid $947 million (R15.31 billion), while IHL paid $1.08 billion (R17.46 billion).